Economy

Economy
Economists Trade Recession Predictions for ‘Growth Stop’ Warnings
January 14, 2024

The good news: Economists are less confident the U.S. will see a recession. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Economy
Producer Price Index of Wholesale Prices Drops for Third Month, Indicating Easing Inflation
January 12, 2024

The Producer Price Index (PPI) declined for a third consecutive month in December.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Economy
Amazon, Citigroup, Xerox, Google and BlackRock See Layoffs in Efficiency Push
January 12, 2024

In the first two weeks of the new year, several prominent companies, including Amazon, Citigroup, Xerox, Google and BlackRock, have announced plans to cut jobs, signaling a continued push for efficiency and cost reduction. Get the Full Story Complete the form to unlock this article...

Economy
Inflation’s Pace Quickens in December, Led by Housing Costs
January 11, 2024

The end of inflation? The end of the pinch to paycheck-to-paycheck wallets? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Economy
Consumers Temper Their Spending Plans Despite Slowing Inflation
January 08, 2024

Consumers expect the punishing pace of inflation to decline in the months and years ahead. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Economy
Service Sector Inflation Could Test Consumers’ Appetite to Spend in 2024
January 05, 2024

Through the last several months, payment networks, banks and buy now, pay later (BNPL) firms have pointed to the resilience of the U.S. consumer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Government and Healthcare Sectors Lead December Job Gains
January 05, 2024

The U.S. economy added 216,000 jobs in December, with the government and healthcare sectors posting the biggest gains. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Economy
Initial Claims for Unemployment Drop by 18,000
January 04, 2024

The number of initial claims for unemployment insurance dropped to 202,000 during the week ended Saturday (Dec. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Economy
Number of Job Openings Remained Steady in November
January 03, 2024

The number of job openings in the United States was little changed in November, while the number of hires and total job separations decreased. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...